Share Certificate Rates
Effective August 1, 2008 until further notice, the following dividend rates and corresponding Annual Percentage Yields (APY) apply for the following share certificate terms: (Dividends are compounded quarterly) |
Term |
Rate |
Annual
Percentage
Yield |
| 3 month |
1.50% |
1.51% |
| 6 month |
2.15% |
2.17% |
| 12 month |
2.60% |
2.63% |
| 18 month |
2.80% |
2.83% |
| 24 month |
2.95% |
2.98% |
| ****Share Certificates require a minimum of $1,000**** Rates are subject to change at any given time. |
Share Accounts
As of the last dividend declaration date, July 1, 2008, the dividend rate for regular share accounts was 1.00% with an APY of 1.00%. Dividends are compounded quarterly. Dividend rates for each quarter will be determined during the last month of the quarter. |
| Share Type |
Effective Date |
Rate |
APY |
|
| Share Draft $1,000 or more |
July 1, 2008 - July 31, 2008 |
0.75% |
0.75% |
| Share Draft Less than $1,000 |
July 1, 2008 - July 31, 2008 |
0.50% |
0.50% |
| Christmas Club |
July 1, 2008 - July 31, 2008 |
0.50% |
0.50% |
|
| Please note that all rates are subject to change at any given time. Dividends compounded monthly. |
Individual Retirement Accounts (IRA's)
Traditional or Roth
Effective July 1, 2008 thru Second (3rd) Quarter of 2008.
Rates are subject to change before the end of the quarter. |
Balance Requirement |
Rate |
Annual
Percentage
Yield |
| $25 - $20,000 |
2.50% |
2.52% |
| $20,001 - $75,000 |
2.90% |
2.93% |
| $75,001 & UP |
3.05% |
3.09% |
Coverdell Educational IRA
As of the last dividend declaration date, 7-1-08, the dividend rate for Coverdell Educational IRA accounts was 4.05% with an APY of 4.11%. Dividends are compounded quarterly. Dividend rates for each quarter will be determined during the last month of the quarter. Balance requirement $25.00. |
Click here for the compound interest calculator or click here for the APR calculator. |
